Originally posted by :VIPLOVE GOYAL
"	it is 60% as per income tax act and as per as-26 u can write off it on slm basis in ten year or any better suitable method	"

Guest

444380 Points Joined August 2012

Originally posted by :VIPLOVE GOYAL
"	it is 60% as per income tax act and as per as-26 u can write off it on slm basis in ten year or any better suitable method	"

Guest

444380 Points Joined August 2012

mine in partnership firm. i would like to no what is the rate of depreciation for temporary structures like iron pillars, iron truss, and iron hangers.

Deepak Sahni

CA in Practice

65 Points Joined August 2008

what will be the dep rate as per company and income tax act

on SERVERS..

It a central storage device for all other computers

shailesh agarwal

professional accountant

0 Points Joined September 2008

Originally posted by :Guest
"	60% as per IT Act and 40% as per Companies Act	"

on printer-rate of depreciation is15%

it falla in catagory of plant and machinery-as it produced something

not it is a part of computer

Guest

444380 Points Joined August 2012

Dear Sir,

I want to know the Current Depriciation Rates as per Companies & Income Tax Act

Thanking You,

Nupur Sengupta

Guest

444380 Points Joined August 2012

Can anyone tell me the rate of Dep. on commercial vehicle for A.Y. 2008-09 ?

Rajender

Chartered Accountant

34 Points Joined September 2007

Originally posted by :Guest

hey!
refer to para 65 of AS 26 . it is said that software to be amortise within 10 years
one of the company (Suzlon) has amortize SAP of 4.5 crores in 5 years

As per AS-26, 10 years period is maximum period over which intangibel assets can be amortised unless there is strong cast to demonstrate that the life is even more than 10 years. However, the Companies needs to asses the economic life of the intangible assets for the purpose of amortisation. It may be 2 year, 3 years, etc depending on the assessment of the management.

hence, there is nothing wrong in amortising the intangibles for shorter period.